CBSE Class 12 Accoutancy

The fast changing economic scenario and the business environment have made elementary business education, along with accountancy as the language of business and as a source of financial information as an essential tool at the Senior Secondary stage.

The Accountancy syllabus at the CBSE Class 12 level gives students a firm foundation in basic accounting principles and methodology and also acquaints them with the changes taking place in the presentation and analysis of accounting information, keeping in view the development of accounting standards and use of computers.

Against this background, the course puts emphasis on developing basic understanding about the nature and purpose of the accounting information and its use in the conduct of business operations. This is done to help to develop logical reasoning, careful analysis and considered judgment among students.

Accounting as an information system aids in providing financial information. In class XII, Accounting for Not for Profit Organisations, Partnership Firms and companies are taught as a compulsory part. Students will also be given an opportunity to understand about Computerized Accounting System, as an optional course to Analysis of Financial Statements.